Adata Technology Inc (威剛科技) also closed up 7 percent after the company announced a buyback of 9 million shares — at a range of NT$19.04 to NT$44.13 from yesterday to Oct. 28 — in a bid to shore up its share price.

According to a report released by DRAMeXchange Technology Inc (集邦科技), a Taipei-based market researcher, the spot price of benchmark DDR3 2-gigabit DRAM chips rose 6.3 percent from a recent low to above US$1.01.

In addition to Taiwanese DRAM stocks, shares of Hynix Semiconductor Inc of South Korea also reacted positively to the price recovery, posting significant gains in Seoul.